EUR/USD remains under pressure, trading around 1.1680 during Thursday's Asian session after four consecutive days of losses. The currency pair's struggle reflects a weakening momentum, as indicated by the 14-day Relative Strength Index (RSI), which sits at 42.6, crossing below the neutral 50 mark. This suggests a bearish sentiment among traders.
The ongoing decline in the EUR/USD exchange rate highlights the challenges facing the Euro against a strengthening USD. As the market grapples with these dynamics, traders will be closely monitoring potential catalysts that could influence further price movements. A sustained breach below the 1.1700 level may trigger additional selling pressure, altering market sentiment in the near term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 03:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.